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20110701
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Search Results 0 to 6 of about 7
ABC
Jul 12, 2011 7:00am EDT
's bring in jake tapper and jon karl from capitol hill. jon, they tried to work on a smaller reduction deal but that didn't go much better. >> reporter: the divide is as deep as ever. they outlined 1.7trillion cuts, not enough but democrats called it completely unacceptable because it included cuts to medicare and no tax revenue increases. steny hoyer said he couldn't get a senior democratic vote for a plan. >> that means that it couldn't pass. courthouse have any idnew ideas >> reporter: they're pushing for the big deal, a lot of pain at one, entitle tks. president obama outlined the plan and said, you can't expect seniors to give up $500 when you went own ask for $5 from people like me. wealthy individuals. >> jon, the leader mitchell mcconnell is looking at a contingency plan which could be a short-term extension. >> reporter: he's tight-lipped about what they mean. they could give him a chance to accept that which he ruled out or one with no tax increases. >> the president very clear on that. >> reporter: he said he's not signing any short-term plans. the debt ceiling needs to be raised
ABC
Jul 6, 2011 4:00am EDT
. >>> the red sox, there's jon lester as the red sox took on blue jays. lester strikes out adam lipid. he left with a no-no ink tact. blue jays down 3-0. jose bautista, deep into the night, 28th home run of the season. blue jays are down now. later in the inning john mcdonald and heads to home, mcdonald, the throw, nicely done. he may have beaten the tab but the red sox win it, 3-2. >>> albert pujols expected to miss up to six weeks with a small fracture had his left wrist, back after 15 days. activated tuesday but not in the lineup. holliday was. that leaves in a early. 16th multihome run game of his career. lance berkman gets every bit of that pitch, 350th career home run as the cards win , 8-1. that'll do it for this espn news update. i'm will selva. >>> all right. well, police in the bay area are trying to track down a stolen picasso and the man would swiped it from the san francisco art gallery. >> a well-dressed man in dark glasses grabbed the pencil drawing and hopped into a waiting taxi. the 1965 work titled "head of a woman" is the size of a standard sheet of paper but experts say it
ABC
Jul 15, 2011 4:00am EDT
down its debt. abc's jon karl explains. >> reporter: we took a journey to the u.s. mint in philadelphia for a lesson in how the government is losing money by making money. this is the presidential dollar coin. congress ordered the mint to make millions of them to honor every dead president but nobody seems to want them. they cost 32 cents a pop to make. the mint makes nearly 2 million of them every day. do the math. about 600,000 dollars a day to make them. because almost nobody uses these things, most go directly into storage. we found a bunch of them 100 miles down the road in a vault. here at the federal reserve in baltimore, the coins are packed into plastic bags stacked one on top of each other all the way up and down this aisle several aisles of them, millions and millions of dollars in presidential coins. federal reserve says they are piling up so quickly they are spending $650,000 to build a new vault in dallas to hold them. shipping the coins there will cost another $3 million. senator jack reed was one of the co-sponsors of the bill that directed the mint to make the coins. us
ABC
Jul 5, 2011 7:00am EDT
and jon huntsman met face to face. what did they say? >> it was a nice exchange, a nice greeting. wishing each other luck and being friends. that's the way that all the candidates on the republican side should be. >> reporter: halfway across the country in clear lake, iowa, two other candidates enjoyed the same parade though hardly the same crowds. >> hi there. happy fourth of july. >> reporter: the surging michele bachmann was surrounded by a sparkly throng of supporters and a new campaign bus. the fourth is a glorious day for all americans including candidates. for them, it may be a chance to take a break from their recent big obsession, cash. mitt romney expects to come in somewhere south of 20 million. tim pawlenty, jon huntman and ron paul all way south of that. around 4 million apiece. meanwhile, president obama could raise as much as 60 million, though he spent the day with men and women whose value is beyond priceless. >> i cannot think of anybody i would rather celebrate with than all of you, the men and women of our military and our extraordinary military families. >> reporter:
ABC
Jul 22, 2011 7:00am EDT
on the outcome. abc's jon karl joins us with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security, also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes, something that congress would act on. >> that last one, isn't that basically a tax increase in disguise? >> well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts possibly talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they have their own rank and file to make happy. i was struck by a comment by barbara mikulski. we heard reports of a trillion dollar cut
ABC
Jul 7, 2011 7:00am EDT
. abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing. >> reporter: a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare, most likely cost of living increases going down and in exchange republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on tacks. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner but there hasn't been a lot of discussion among a wider conferences in the house and the senate democrats and republicans and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can work with and is it something that will fly? >> reporter: a great question. boehner and the president may be able t
ABC
Jul 21, 2011 7:00am EDT
race than he was a few weeks ago. jon, we were talking earlier on the surface it seems like a few points shift but given the backdrop of this economy and unemployment it's pretty dramatic. >> and the factor seems to be the debt ceiling standoff. take a look at the numbers against mitt romney, the president last opened up a lead, a pretty significant lead you see there of 51% to 44%. the lead is even more dramatic against other other candidate. look where he was a month ago, mitt romney was tied with president obama. the big factor here, in fact, the only factor that has really changed is that independent voters have moved away from the republicans and towards the president. >> so independent voters watching the debt showdown and weighing in. >> reporter:s that sea exactly right and don't like the way the republicans have been handling it. >> speaking of the republicans you take a look at how they're stacking up with the race. a familiar name starting to inch up. >> romney is still the front-runner if you look at the republican field. but look who is number two, not even a candidat
Search Results 0 to 6 of about 7